The report also shows a national foreclosure rate of one filing for every 1,247 U.S. households during the month.

The state of Florida had the eighth highest rate, with an increase of more than 6% and 8,898 properties entering some state of foreclosure -- more than every state except Texas. Foreclosure filings had increased 42.55% in the first quarter of 2006 over the fourth quarter of 2005.

Colorado, Georgia and Texas had the three highest foreclosure rates in May. Colorado reported 4,198 properties entering some stage of foreclosure in May, a 13% increase from the previous month.

By M. Sese
http://realestatepress.org